Question
1. Geneva Co. reports the following information for July: Sales $ 801,000 Variable costs 242,000 Fixed costs 117,000 Calculate the contribution margin for July. 2.
1. Geneva Co. reports the following information for July:
Sales | $ | 801,000 | |
Variable costs | 242,000 | ||
Fixed costs | 117,000 | ||
Calculate the contribution margin for July.
2. Alexis Co. reported the following information for May:
Part A | ||||
Units sold | 6,600 | units | ||
Selling price per unit | $ | 960 | ||
Variable manufacturing cost per unit | 600 | |||
Sales commission per unit - Part A | 96 | |||
What is the manufacturing margin for Part A?
3. Cameroon Corp. manufactures and sells electric staplers for $16.50 each. If 10,000 units were sold in December, and management forecasts 4.5% growth in sales each month, the number of units of electric stapler sales budgeted for March should be:
4. Ruiz Co. provides the following unit sales forecast for the next three months:
January | February | March | ||||
Sales units | 3,500 | 4,700 | 5,500 | |||
The company wants to end each month with ending finished goods inventory equal to 20% of the next months sales. Finished goods inventory on December 31 is 700 units. The budgeted production units for February are:
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